JLL Capital Markets Refinances Senior Housing Property On Celebration Boulevard For $57.5M
1370 Celebration Boulevard, Celebration, FL, USA
$57,500,000
Units
239
Asset Type
Other
Closing
Dec 2, 2021
About this deal
AI
1370 Celebration Boulevard in Celebration was recently involved in a closed transaction. The property is a seniors housing facility consisting of 239 units. The deal took place on 12/02/2021 and the loan amount for the transaction was $57,500,000. The loan type was refinancing, with a five-year, floating-rate, non-recourse loan.
Summary of transaction details
- Property Type: Seniors Housing
- Transaction Amount: $57,500,000
- Address: 1370 Celebration Boulevard
- Market: Celebration
- Units: 239
The landlords involved in this transaction were Square Mile Capital Management and Charles Ochman & Big Rock Partners. The brokers representing the deal were Chris Drew and Brian Gaswirth from JLL Capital Markets.
Players
Kissimmee Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93